The First Bancshares, Inc. (NASDAQ:FBMS) CEO M Ray Cole, Jr. sold 5,000 shares of the stock in a transaction that occurred on Monday, February 22nd. The stock was sold at an average price of $33.00, for a total value of $165,000.00. Following the completion of the transaction, the chief executive officer now directly owns 77,670 shares of the company's stock, valued at $2,563,110. The sale was disclosed in a filing with the SEC, which is available through this link.
The First Bancshares stock opened at $33.14 on Tuesday. The firm's 50 day moving average price is $31.97 and its two-hundred day moving average price is $26.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.89 and a current ratio of 0.89. The First Bancshares, Inc. has a twelve month low of $15.27 and a twelve month high of $34.37. The firm has a market cap of $709.39 million, a PE ratio of 13.69 and a beta of 1.00.
The First Bancshares (NASDAQ:FBMS) last posted its earnings results on Monday, January 25th. The bank reported $0.65 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.55 by $0.10. The First Bancshares had a return on equity of 7.70% and a net margin of 23.05%. The company had revenue of $50.39 million for the quarter, compared to analyst estimates of $47.94 million. Equities analysts anticipate that The First Bancshares, Inc. will post 2.12 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 25th. Investors of record on Wednesday, February 10th will be paid a dividend of $0.13 per share. This is an increase from The First Bancshares's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, February 9th. This represents a $0.52 annualized dividend and a yield of 1.57%. The First Bancshares's dividend payout ratio is presently 18.64%.
Hedge funds and other institutional investors have recently modified their holdings of the business. First Trust Advisors LP boosted its position in shares of The First Bancshares by 1.8% in the first quarter. First Trust Advisors LP now owns 22,589 shares of the bank's stock valued at $698,000 after acquiring an additional 390 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in The First Bancshares by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,996 shares of the bank's stock valued at $4,385,000 after purchasing an additional 542 shares during the period. California Public Employees Retirement System grew its position in The First Bancshares by 2.4% in the 3rd quarter. California Public Employees Retirement System now owns 46,805 shares of the bank's stock worth $982,000 after purchasing an additional 1,100 shares during the last quarter. Aperio Group LLC increased its holdings in shares of The First Bancshares by 6.9% during the 3rd quarter. Aperio Group LLC now owns 19,885 shares of the bank's stock worth $417,000 after purchasing an additional 1,290 shares during the period. Finally, State Street Corp raised its position in shares of The First Bancshares by 0.4% during the third quarter. State Street Corp now owns 427,477 shares of the bank's stock valued at $8,964,000 after buying an additional 1,887 shares during the last quarter. 51.91% of the stock is currently owned by institutional investors.
Several equities analysts have recently issued reports on FBMS shares. DA Davidson reiterated a "buy" rating on shares of The First Bancshares in a research report on Tuesday, November 3rd. Zacks Investment Research upgraded The First Bancshares from a "sell" rating to a "buy" rating and set a $36.00 target price on the stock in a report on Monday, February 8th.
About The First Bancshares
The First Bancshares, Inc operates as the bank holding company for The First, A National Banking Association that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement accounts.
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7 Stocks That Could Provide a Year-End Rally
It’s rough in the markets right now. Underlying the volatility is uncertainty. The VIX Index (INDEXCBOE: VIX) otherwise known as the Fear Index is unofficial, but an eerily accurate predictor of market sentiment. And the VIX is up 30% in the last month.
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